Often the most exciting, yet most hazardous time to trade in the stock market is the first 30 minutes of each market session. Those first 30 minutes, if you are not disciplined, can reek havoc on your portfolio. Would like to know your opinion.
Should You Trade the First 30 Minutes After the Market Opens?
- Thread starter Lloyd W. Coutee
- Start date
Wouldn't suggest "passing up" the first 30-minutes. There are some regularities which occur "early" in the session.
If you're trading with a stop, as you should, makes no difference when a setup occurs. Fairly often, the best play of the day occurs in the first 5-minutes.
Last edited:
rmorse
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I know traders that do most of their trading in the first and last hour. The morning has a lot of activity from foreign investors and those that have jobs to go to. If you are a trader you need to find alpha not avoid it.
If you are an investor, it might make more sense to enter/exit positions midday or at the close.
If you are an investor, it might make more sense to enter/exit positions midday or at the close.
Yes.
Just as there are often "early session" setups, there are also often "late session" setups.... not limited to "last hour". Many days you can go to lunch or get a hair cut mid-day, but should be paying attention early and late.
Should you trade at all ?
What is the significance of anything said on this thread other than the word "maybe"
I think he's a rookie... groping for any kind of advice/guidance. Hasn't figured out much of anything for himself yet.... willing to "go with the last thing he heard."
He's been... "I heard this" and "I heard that". What do you guys think?
Shouldn't be too critical... we were all there early on, right?
I remember when I first started back in the 90's, the major indicies would "pivot" (i.e. turn) at just past 9ct/10et every single session...Granted there were many days when an econ. report would be released at that hour, but even on the days they weren't released that was a very common time for the market to reverse the first 30 minutes direction...
I use to trade first 90 minutes in Indexes and some pre-market up to an hour before in ES/NQ, and last 90 minutes of afternoon. My losing percentages are far smaller in first 75 minutes and still trade some 60 minutes of pre-market especially reports. I have stopped trading afternoon cause that is my nap time now, not enough "push" to get more than 4 ticks and when volume too light, have to extend risk so I rather add volume to morning session and call it a day. I will trade either Gold or T-bonds along with ES/NQ but only when Indexes are slow.
I just have too many things I rather do in life than sit in front of screens. Right now watching REAL people work at Starbucks.....
I just have too many things I rather do in life than sit in front of screens. Right now watching REAL people work at Starbucks.....
Should You Trade the First 30 Minutes After the Market Opens?
...Depends greatly on what and how you trade.
Nothing in trading is or should be etched in stone.
...Depends greatly on what and how you trade.
Nothing in trading is or should be etched in stone.
Except that every thread he has started already exists including this somewhat detailed topic. And then he doesn't really follow up. I think he's may not be a real person but rather someone paid to start threads to keep posting volumes up.